Hong Kong

Hong Kong to Consider Legalization of Basketball Betting to Address Fiscal Deficit

In an effort to mitigate its nearly HK$100 billion (US$12.9 billion) fiscal deficit, Hong Kong's finance chief is reportedly considering the legalization of basketball betting, a move anticipated to significant...

Chinese Police Intensify Crackdown on Euro 2024 Illegal Gambling Rings

As football enthusiasts around the globe immerse themselves in the UEFA European Championship (Euro 2024), Chinese authorities have been actively disrupting a surge of illegal online gambling activities associa...

Police Crackdown on US$134 Million Illegal Bookmaking Syndicate in Guangdong, Hong Kong, and Macau

In a significant breakthrough, police forces from Guangdong, Hong Kong, and Macau have successfully dismantled an illegal bookmaking syndicate, leading to the arrest of 93 suspects. The Macau Judiciary Police r...

Termination Notice Halts Acquisition of the Tigre de Cristal Casino in Vladivostok

The announced ownership transformation of the Tigre de Cristal integrated resort near Vladivostok in Russia has come to a halt. As reported, the Russian company Dalnevostochnyj Aktiv LLC has withdrawn from the ...

Record-Breaking Daily Visits To Macau Exceed 200,000 to Improve Casino Stocks by up to 10%

Macau gambling industry experiences a rapid growth these days thanks to the Lunar New Year celebrations bringing in an increased number of tourists from Mainland China and Hong Kong. The city officials have rep...

Tigre de Cristal Casino Resort’s Operator Considered for a $116 Million Sale

Oriental Regent Ltd, a vertical of the Hong Kong-listed Summit Ascent Holdings Ltd, is to sell its gaming and hotel operations in Russia. As reported, Oriental sells its wholly-owned subsidiary G1 Entertainment...

Macau Reaches 121,000 Daily Average in Tourist Arrivals During Christmas Holidays

As expected by the Macau gaming and travel stakeholders, the Christmas season has brought a strong visitor activity to the region. GGRAsia reports that city officials recorded more than 362,600 visitors from De...